Thor Energy Share Discussion Threads

[the sim] 14/6/2016 14:32

I'm going medium to long, I see potential here.

[abrahe00] 14/6/2016 14:15

The MMs are either doing a "pump 'n dump" or there is something happening...

I'm in this for a quick buck. Here's hoping it's the latter.

E.

[ceo_illuminati] 12/6/2016 08:46

So, this one is a waste of time then, not what I was told 6 months ago?

[ceo_illuminati] 05/6/2016 18:34

LOL :)

Sounds like the rest of my portfolio then...

[bsg] 05/6/2016 16:51

20 years. 0p

[ceo_illuminati] 05/6/2016 08:33

Does anyone have an idea of the time frame here and what target prices we´re looking at?

[bsg] 25/5/2016 11:28

Mike wont be rushing, he just has to spin this out until he retires.

[edgein] 25/5/2016 09:37

Someone paid 0.044 for just 11m. Talk about paying through the nose for them, what's the rush.

Regards,
Ed.

[thomasthetank1] 18/5/2016 12:18

Read Northland Capital Partners's note on THOR MINING PLC (THR), out this morning, by visiting hxxps://www.research-tree.com/company/GB00B1DXJY95

"Thor Mining has raised £300,000 through the issue of 1,200,000,000 shares at a price of 0.025p with a
one-for-one warrant at a price of 0.05p. As part of the placing Metal Tiger (MTR.L) has subscribed for 400,000,000 shares, representing 6.97% of Thor. 336,000,000 shares and the same number of warrants will be issued on 01/06/16 with the balance potentially issued following a GM subject to shareholder approval. Following the closure of the second tranche the Company will have 5,736,387,510 shares in issue. Thor Mining will use these funds to advance existing interests as well as assessing other strategic opportunities and provide general working capital..."

[bsg] 17/5/2016 14:55

They still have plenty of room for more placings down to their nominal value.

[cpap man] 17/5/2016 14:25

Metal Tiger Plc

("Metal Tiger" or the "Company")





STRATEGIC INVESTMENT - THOR MINING





Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource projects is pleased to announce a strategic investment totalling £100,000 in Thor Mining plc ("Thor Mining")(AIM:THR).

Highlights:



§ Investment of £100,000 to acquire 400,000,000 Thor Mining shares at 0.025p;



§ Metal Tiger to receive one warrant at 0.05p for each Thor Mining share purchased at 0.025p in the placing (being 400,000,000 warrants in total), with a warrant life of 30 months;



§ Following completion of the above Metal Tiger will own 400,000,000 shares representing 6.97% of Thor Mining's issued share capital.





Paul Johnson, Chief Executive Officer of Metal Tiger commented "Metal Tiger continues to build a diverse range of natural resource investments around what we believe is the bottoming phase in natural resource microcap and junior equities.



Today's investment is another step in our building process and comes at a time when Thor Mining has recently experienced a strengthening of its finances through the sale of Spring Hill thus enabling it to orientate toward existing and potentially new project development.



We look forward to monitoring developments at Thor Mining with interest."

[cpap man] 17/5/2016 14:23

THOR MINING PLC



Placing to raise £300,000



The Directors of Thor Mining PLC ("Thor" or the "Company") (AIM, ASX: THR), are pleased to announce that the Company has, subject to shareholder approval, raised £300,000 via a placing.



Highlights:



§ Thor has raised a total of £300,000 before expenses through the placing of 1,200,000,000 ordinary shares of 0.01p each ("Ordinary Shares") at a price of 0.025p each with new investors (the "Placing");



§ The Placing price was set at the bid price of Thor at the time the Placing commenced;



§ Subscribers for these Ordinary Shares under the Placing will also be granted one warrant for every share subscribed for under the Placing, to subscribe for further Ordinary Shares at a price of 0.05p per share, valid for 30 months;



§ As part of this raising, Metal Tiger plc has subscribed for 400,000,000 Ordinary Shares, and 400,000,000 Warrants;



§ Following completion of the Placing in full, Metal Tiger plc will have an interest in 400,000,000 Ordinary Shares in the capital of the Company, representing 6.97 per cent of the Company's enlarged share capital;



§ The funds raised will enable Thor to advance a number of elements of its existing business interests, including testing for tungsten mineralisation at selected targets very close to Molyhil, and assessing other strategic opportunities as well as to provide general working capital.





Mick Billing, Executive Chairman of Thor said: "I am delighted with the funds raised and particularly that this incoming finance was secured at the bid price of Thor with no discount applied.



"Just as important, the money raised supports our plans for accelerating the development of our business.



"In addition to the funds raised through the Placing, a further A$1.5m is payable to the Company within the next nine months following the sale of the Spring Hill Gold Project as announced recently."





Placing Information

The Company will shortly issue 336,000,000 Ordinary Shares and 336,000,000 Warrants and will convene a General Meeting of the Company at which shareholders will be asked to give the Directors the necessary authorities to issue the remaining 864,000,000 Ordinary Shares and 864,000,000 Warrants. A notice of General Meeting will shortly be sent to shareholders and further announcements will be made as soon as practicable.



Settlement and dealings

Application will be made for the admission to trading on the AIM Market of the London Stock Exchange ("AIM") of the first 336,000,000 Ordinary Shares, which rank pari passu with the Company's existing issued Ordinary Shares. Dealings on AIM are expected to commence at 8:00am on 1 June 2016 ("Admission").



Total Voting Rights

For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), following Admission, Thor will have 4,872,387,510 Ordinary shares in issue with voting rights attached. Thor holds no shares in treasury. This figure of 4,872,387,510 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the ASX Listing Rules or the DTRs.



Subject to shareholder approval, following completion of the Placing, including the second tranche of 864,000,000 Ordinary Shares, Thor will have 5,736,387,510 shares in issue.

[the sim] 17/5/2016 11:55

MTR are very good bed fellow and they wouldn't be investing if they had doubts about THR's prospects. All looking good for upward movement from here.

[the stigologist] 17/5/2016 11:45

A typical Paul Johnson reverse ten bagger


Paul Johnson, Chief Executive Officer of Metal Tiger holds 1,244,654 shares in Thor Mining, valued at circa £350. Although not material in value terms, recognising this personal holding Paul Johnson excluded himself from the Company decision to proceed with this investment.

[bsg] 17/5/2016 11:24

If they're getting $1.5M in the next year or so why dilute yet again?

[bsg] 17/5/2016 11:08

Another placing ... what a surprise! (A bit surprised it's so soon)

[cpap man] 17/5/2016 08:02

Interesting holdings RNS out this morning

[cpap man] 12/5/2016 12:15

You're a card!

[the sim] 12/5/2016 11:33

With another 20 million buys (more probably 28 million) so far today, is significant news around the corner?

[dr jekyll] 11/5/2016 16:15

You may be right :) That is unusual for two days here.

[the sim] 11/5/2016 16:12

Something is brewing, 13 million shs bought yesterday and another 58 million shs today.

[thomasthetank1] 29/4/2016 12:54

Read Northland Capital Partners's note on THOR MINING, out this morning, by visiting hxxps://www.research-tree.com/company/GB00B1DXJY95
"Thor Mining has paid down the debt that was secured on its Molyhill and Pilot Mountain tungsten projects using two thirds of the initial payment received for its 60% interest in the Spring Hill Gold Project. As a result, capital remains tight for the Company and it is trying to bring forward the receipt of the balance of the proceeds from the sale of Molyhil ..."

[bsg] 29/4/2016 08:30

Exploration scheduled pending availability of funds.

Yet another placing ?
I don't know why they don't just throw the towel in and retire. I can see another rinse and repeat from this price, maybe 1000:1 consolidation, placing then Mike stays in a job. While the PI gets shafted again.

Bitter and twisted, moi!

[cpap man] 29/4/2016 07:40

Quarterly Report for the period ended 31 March 2016



The Directors of Thor Mining PLC ("Thor" or the "Company") (AIM, ASX: THR) the Australian tungsten and gold explorer and developer, today announce the quarterly report for the period ended 31 March 2016. It has also been released today with the Australian Securities Exchange (ASX) as required by the listing rules of ASX.





Highlights



GOLD



Spring Hill, Northern Territory ("NT")

· Agreement to sell 100% of Spring Hill project for A$3.5 million plus royalty

· A$2.0 million has been received for initial 60% interest



TUNGSTEN & MOLYBDENUM - Core projects now free of debt



Molyhil NT

· Tungsten prices have increased by 20% from the preceding quarter

Pilot Mountain, Nevada USA

· Final payment of outstanding loans which were secured against this project

· Exploration scheduled pending availability of funds



Outlook for June Quarter 2016

· Discussions to bring forward the receipt of A$1.5 million consideration for the remaining 40% interest in Spring Hill

· Continuing discussions to secure project finance for the Molyhil project

· Ongoing discussions for balance of concentrate production off-take at Molyhil

· At Pilot Mountain, planning has begun for exploration phase on deposits with previous multiple mineralised intersections



Commenting, Mr Mick Billing, Executive Chairman of Thor Mining, said:



"The initial 60% sale of our Spring Hill Gold project has allowed us to repay the debt secured against our core tungsten projects and as well as against Spring Hill and we are very pleased that our core tungsten projects are now free of debt. Capital is still very tight however as two-thirds of the net proceeds were applied to discharge those loans. We are in active discussion with a number of parties aiming to agree terms to bring forward the payment of the residual Spring Hill consideration of A$1.5 million.



"The improvement in the tungsten price is a welcome development and we note recent analyst comments expecting continued improvement, which bodes well, as we look to advance financing for Molyhil".





SPRING HILL GOLD PROJECT - NT

In February 2016, Thor executed an agreement to sell 100% of the Spring Hill project to private company, PC Gold Pty Ltd, subject to due diligence and financing, for:

· A$2.0 million payable in cash, for a 60% interest, and 100% management control; and
· A$1.5 million payable in cash, within 12 months for the remaining 40% interest.

In addition, following completion of the acquisition of the 100% stake, PC Gold will pay Thor a royalty of:

· A$6.00 per ounce of gold produced from the Spring Hill tenements where the gold produced is sold for up to A$1,500 per ounce; and
· A$14 per ounce of gold produced from the Spring Hill tenements where the gold produced is sold for amounts over A$1,500 per ounce.





TUNGSTEN PROJECTS



Tungsten & Molybdenum Price Trends



Tungsten spot trade pricing has improved by approximately 20% since a low point in mid-January in a welcome change from the previous trend. Industry sources are predicting further price gains in the medium term.





MOLYHIL TUNGSTEN PROJECT - NT (100% Thor)



In January 2015, Thor announced an updated feasibility study for its wholly-owned Molyhil tungsten project, with robust outcomes.



The Company subsequently appointed advisors to introduce parties and lead discussions with a view to securing project development finance.



The project development cost for Molyhil is estimated at A$64 million, or US$45 million at current exchange rates.



Several entities are currently reviewing the project. A continued recovery in international tungsten prices should assist with the project financing.



Subject to securing the necessary project finance, the Molyhil project has a 12 month construction schedule.



Following the receipt of the first tranche of proceeds from the sale of the Spring Hill project, the loan secured, in part, against Molyhil has been discharged and the project is now unencumbered.



A full background on the project is available on the Thor Mining website.





PILOT MOUNTAIN TUNGSTEN PROJECT - NEVADA USA (100% Thor



Thor's Pilot Mountain Project, acquired in 2014, is located approximately 200 kilometres south of the city of Reno and 20 kilometres east of the town of Mina located on US Highway 95.



The Pilot Mountain Project is comprised of four tungsten deposits: Desert Scheelite, Gunmetal, Garnet and Good Hope. All are in close proximity (~3 kilometres) of each other and have been subjected to small-scale mining activities at various times during the 20th century.



In December 2014, Thor outlined a proposed exploration development plan with the objective of upgrading the knowledge and status of the mineralisation of these deposits where historical drilling outlined potentially economic mineralisation.



Following the receipt of the first tranche of proceeds from the sale of the Spring Hill project, the residual loans secured against Pilot Mountain have been discharged and the project is now unencumbered.



A full background on the project is available on the Thor Mining website.





DUNDAS GOLD PROJECT - WA (60% THOR)



The Dundas gold project is located approximately 100 kilometres east-south-east of Norseman in Western Australia. The tenements are in close proximity to the sealed arterial Eyre Highway, providing all-weather access to the project area. Within the tenements, access is provided by bulldozed tracks. It is also approximately 250 kilometres south of the major regional mining centre of Kalgoorlie.



Targets for drilling at Dundas have been identified. However, prioritising expenditure on other projects has prevented progress on further exploration activities.



A full background on the project is available on the Thor Mining website.





Yours faithfully,



THOR MINING PLC

Mick Billing

Executive Chairman

[markten33] 26/4/2016 18:45

My 10 bagger pick for the year was Botswana Diamonds PLC. It is now up over 130% over the past month